Question
Everlast Co. manufactures a variety of drill bits. The company's plant is partially automated. The budget for the year includes $564,000 payroll for 7,000 direct
Everlast Co. manufactures a variety of drill bits. The company's plant is partially automated. The budget for the year includes $564,000 payroll for 7,000 direct labor-hours. Listed below is cost driver information used in the product-costing system: Overhead Cost Pool Budgeted Overhead Cost Driver Estimated Cost Driver Level Machine setups $ 921,250 # of setups 230 setups Materials handling 111,000 # of barrels 9,250 barrels Quality control 770,000 # of inspections 2,200 inspections Other overhead cost 595,000 # of machine hours 17,500 machine hours Total overhead $ 2,397,250 A current product order has the following requirements: Machine setups 20 setups Materials handling 672 barrels Quality inspections 86 inspections Machine hours 1,300 machine hours Direct labor hour 468 hours What is the total manufacturing overhead for the current product order if the firm assigns overhead costs based on machine hours? (Round your intermediate calculation to 2 decimal places.) Group of answer choices $10,510. $39,993. $178,087. $75,387. $199,875.
Flag question: Question 2 Question 22 pts Shaver Co. manufactures a variety of electric razors for men and women. The company's plant is partially automated. Listed below is cost driver information used in the product-costing system: Overhead Cost Pool Budgeted Overhead Cost Budgeted Cost Driver Level Cost Driver Machinery depreciation/maintenance $ 170,394 26,400 Machine hours Factory depreciation/utilities/insurance 121,710 26,400 Machine hours Product design 584,208 36,840 Hours in design Material handling 1,119,732 204,000 Pounds of raw materials In addition, Shaver expects to spend $486,840 for 8,114 direct labor-hours. Two current product orders had the following requirements: Mens Razors Womens Razors Units produced and sold 24,000 29,000 Direct labor hours 50 60 Pounds of raw materials 707 597 Hours in design 40 43 Machine hours 62 47 What is the total manufacturing overhead assigned to the current order for Women's Razors if the firm uses a volume-based plant wide overhead rate based on direct labor hours? Group of answer choices $2,021.00. $762.13. $254.20. $14,760.00. $11,562.00.
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